Playing the generation game

New breed of young, smart entrepreneurs are taking over their family businesses and bringing in new ideas

Pan Jianzhong invested his own money into upgrading his family-run shoemaking business in 1992 to prove a point to his mother.

Concerned about the risks, Li Ailian, was unsure whether her son's plan to automate the Juyi Group would pay off. She was wrong as the 1 million yuan ($161,290) he pumped into the firm has produced bumper dividends.